Multiple Choice
Frederico's has a net income of $29,600,a total asset turnover of 1.4,total assets of $318,600,and a debt-equity ratio of .35.What is the return on equity?
A) 16.72 percent
B) 8.40 percent
C) 12.54 percent
D) 14.67 percent
E) 17.56 percent
Correct Answer:
Verified
Correct Answer:
Verified
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